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Tag: Rick Snyder

What You Are Not Hearing About Detroit’s Bankruptcy

Michigan Governor Rick Snyder and his appointed emergency manager, Kevyn Orr, say city pensions are underfunded by $3.5 billion. The two main groups of...

Here’s How Detroit’s Bankruptcy Will Actually Work

At 4:06 p.m. Thursday, Detroit filed a 16-page petition for bankruptcy protection. The action was expected, but it came faster than most observers had...